Rafaella Apparel Group Files Form 10-Q; To Discuss Second Quarter Results on Tuesday, February 23, 2010

NEW YORK, Feb. 22 /PRNewswire/ -- Rafaella Apparel Group, Inc., an established wholesaler, designer, sourcer, marketer and distributor of a full line of women's career and casual sportswear separates, today filed its Form 10-Q for the quarter ended December 31, 2009.  

Conference Call

The Company will conduct a conference call to discuss its second quarter results for the period ended December 31, 2009 on Tuesday, February 23, 2010 at 4:00 p.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial 888-549-7737, approximately ten minutes prior to the start of the call. A replay of this call will be available until March 2, 2010 and can be accessed by dialing 800-406-7325 and entering code 4243265.

Separately, the Company announced today that it has commenced a "Modified Dutch Auction" debt tender offer to purchase up to approximately 51% of its outstanding 11-1/4% senior secured notes due 2011.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements included in this press release that address activities, events or developments that Rafaella expects, believes or anticipates, will or may occur in the future are forward-looking statements. Forward-looking statements can be identified by such forward-looking terminology as "expects," "intends," "plans," "anticipates," "believes," "seeks," "estimates," "will," "may" and words or phrases of similar import.  Although Rafaella believes any forward-looking statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained. Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including but not limited to (i) dependence on management, (ii) dependence on vendors and distributors, (iii) reliance on foreign manufacturers, (iv) industry trends, (v) merchandise and fashion trends, (vi) competition, seasonality, and (vii) macroeconomic conditions in general, and microeconomic conditions that impact the clothing industry in particular, including but not limited to consumer spending patterns, as well as other risks set forth in Rafaella's Annual Report on Form 10-K for the fiscal year ending June 30, 2009, Quarterly Reports on Form 10-Q for the quarterly periods ending September 30, 2009 and December 31, 2009, and Current Reports on Form 8-K, in each case filed with the Securities and Exchange Commission.  Rafaella does not undertake any obligation to update forward-looking statements.

SOURCE Rafaella Apparel Group, Inc.

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